Credit reporting or other personal consumer reports — VYSTAR CREDIT UNION (FL)

Account information incorrect. This complaint concerns a charged-off deposit-related account with VyStar Credit Union ( Account No XXXX XXXX ). The creditor is reporting a charged-off balance but has not provided a transaction ledger, statements, or itemization of fees showing how the reported balance was reached. For charged-off accounts, the creditor may have taken a bad debt deduction under 26 U.S.C. 166, or if the debt was canceled or forgiven, may be required to issue a Form 1099-C under 26 U.S.C. 6050P. I am requesting confirmation of whether any such tax treatment or cancellation has occurred. Reporting a balance without the ability to substantiate the amount constitutes inaccurate furnishing under : 15 U.S.C. 1681s-2 ( a ) Duty to report accurate information 15 U.S.C. 1681i